Pi Network News is buzzing this week as PI traded above $0.088 on Wednesday. Softer US inflation data and the rollout of Protocol 26 gave the token a small lift.
Even so, PI remains more than 97% below its February 2025 peak. The recovery is small, but traders are watching closely.
Why Is Pi Network Price Moving Today?
Two things drove the move. First, cooler inflation numbers from the US. Second, a technical upgrade to the Pi Mainnet called Protocol 26.
Together, these events nudged PI off its recent lows near $0.0850.
Soft US Inflation Data Lifts Crypto Mood
Inflation in the United States cooled in July. This gave investors hope that money conditions could turn friendlier toward riskier assets like crypto.
The Consumer Price Index rose 0.1% for the month. On a yearly basis, prices were up 3.4%.
The annual figure had eased to 3.5% in June, a sign that price pressure was slowing down bit by bit. Core CPI, which strips out food and energy, rose 0.2% monthly and 2.5% yearly.
Lower inflation often makes traders more willing to take risks. That mood spilled over into smaller tokens like PI this week.
Protocol 26 Deadline Passes Without Major Issues
Pi Network set August 11 as the deadline for Mainnet node operators to complete the Protocol 26 upgrade. Operators who missed it lost their connection to the Mainnet until they installed the new software.
By Wednesday, there were no reports of network problems. That's a good sign for a project going through a technical shift.
However, the Pi Core Team has not shared how many node operators actually completed the switch. Outside observers still lack solid numbers to judge how widely the network has adopted the new protocol.
Stable Mainnet activity after the deadline eased some short-term worries. Still, the lack of official data leaves a gap in the picture.
Protocol 26 focuses on smart contract safety, cryptography, state management, and interoperability. It also sets the stage for Protocol 27, which will close out the network's current round of planned upgrades.
Pi Network Price Prediction: Can PI Reach $0.10?
On the 4-hour chart, PI trades near $0.0888 after bouncing from the $0.0850 zone.
The price is consolidating around its 20, 50, and 100 EMAs, which points to a fairly balanced short-term setup. The 200 EMA, sitting around $0.09135, is the key resistance level to watch.
|
Level |
Price |
Meaning |
|
Resistance |
$0.0915 |
Break above could open path to $0.0950-$0.1000 |
|
Current Price |
$0.0888 |
Consolidation zone |
|
Support |
$0.0875 |
Below this, $0.0850 comes back into play |
|
Lower Support |
$0.0830 |
Next level if $0.0850 fails |
If PI breaks and holds above $0.0915, the recovery could stretch toward $0.0950 to $0.1000.
On the downside, a drop below $0.0875 could bring $0.0850 back into focus, with $0.0830 as the next area to watch.
For now, the chart points to range-bound trading. A bullish breakout is possible if buyers manage to reclaim $0.0915, but nothing is guaranteed in this market.
Final Take on Pi Network News This Week
This latest Pi Network News cycle shows a project trying to stabilize after a rough year of price losses. The Protocol 26 upgrade passed without visible disruption, and macro data gave the wider crypto market some breathing room.
Whether PI can build on this small recovery depends on both node adoption numbers and how buyers respond near the $0.09 resistance zone.
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